The upward trend from yesterday was basically without difference.

In the early morning, the highest rebound was close to 113, which meets expectations.

However, friends who approached the target without cost protection might have suffered.

So usually when approaching target levels, be sure to do a good job of cost protection or reduce positions.

Bitcoin's overall market touched the Fibonacci 0.618 of the current cycle—1085 for support this morning, but from the perspective of overall rebound volume, it remains unoptimistic. The downward volume of the market is difficult to control for a while, and the main idea is still to prioritize considering high short positions on rebounds.

The focus point for today is the support level from last night's early hours—around 111. You can look for short opportunities again around 111, with a stop loss at 112. The initial target looks down to 109, and whether the subsequent support at 1085 can be broken will determine whether the trend can further decline to below 105.